[April 02, 2004] Government Telecommunications, a Subsidiary of Applied Digital Solutions Expects to Complete United States Postal Service $15 Million Project in May, 2004 PALM BEACH, Fla. --(Business Wire)-- April 2, 2004 -- Upon completion in May, 62 United States Postal Service sites will have been upgraded in less than one year Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, today announced that its wholly owned subsidiary Government Telecommunications, Inc., (GTI) is on schedule to complete telecommunications network upgrades at United States Postal Service (USPS) mail processing facilities under a $15 million contract. GTI is currently installing state-of-the-art high speed copper cabling, fiber optic backbones, and ties to the existing telecommunications network at 39 mail processing plants throughout the country. These new broadband networks will enable computers that control large complex mail sorting equipment to exchange information much more rapidly. This is a continuation of work begun in 2003. When completed in May, a total of 62 USPS sites will have been upgraded in less than 1 year. Commenting on the completion of the $15 Million dollar project, Frank Lalley, CEO of GTI stated: This project was a challenge because of its complexity, urgency and value to the customer. The Postal Service and many other agencies of the Federal government have identified telecom projects that will enhance their mission effectiveness and they are pressed to get them done. We see strong demand in government to upgrade and replace existing telecom infrastructure and we expect it to prevail throughout the remainder of the year and into 2005. With our GSA contracts, we believe we are well positioned to provide telecom equipment and services that these customers need. About Government Telecommunications (GTI) GTI, a subsidiary of Computer Equity, Inc. (Compec), is headquartered in Chantilly, Virginia. GTI specializes in designing, deploying and maintaining voice, data and video telecommunications networks for agencies of the federal government. Key customers include the Departments of Agriculture, Defense, Justice and Veterans Affairs, the US Postal Service, and the Social Security Administration. About Applied Digital Solutions, Inc. Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions is the beneficial owner of a majority position in Digital Angel Corporation (AMEX: DOC). For more information, visit the company's website at http://www.adsx.com. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. [ Back To TMCnet.com's Homepage ]